USDCAD Daily Analysis – March 27, 2020

USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Near term resistance is at 1.4170, a break of this level could trigger another rise towards 1.4600.